Sunday, 17 August 2014

SELL TATA COMMUNICATION ON RISE UPTO 360 MAINTAIN CLOSING SL 366 TARGET 320 IN 7-10 TRADING SESSIONS


POINTS TO FAVOUR OUR TRADE

TATA COMM HAS BROKEN DOWN LARGE HEAD AND SHOULDERS PATTERN.
PATTERN TARGETS ARE AT 300-280 BUT LARGER PATTERNS USALLY FOLD OUT SLOWLY.
SO WE CAN SEEL WITH CONSERVATIVE TARGETS OF 320.
CURRENTLY STOCK IS IN POST BREAKDOWN BOUNCE MODE SO SELL ONLY ON RISE BETWEEN 355-360 WITH SL ON 366. PACED AT DOWNSLOPING LINE ON CHART.

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